Latest reports – Page 2929
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PropertyEU Archive
European office supply restricted until 2013: CBRE
New office completions in major European markets could fall by over 30% in 2011 compared with 2010 and could decline further in 2012 as the low level of construction starts during the economic crisis feeds through, according to a new report by CB Richard Ellis (CBRE).
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PropertyEU Archive
Fonciere Massena makes further purchase in Marseille
French SIIC Foncière Massena has expanded its office property portfolio in Marseille with the acquisition of an 8,400-m[sup]2[/sup] building at the centre of the new Euroméditerranée district from Germany's IVG Institutional Funds. The transaction price amounts to around EUR 31 mln, excluding taxes.
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PropertyEU Archive
Savills merges Singapore property management arm with CKH Strata
Savills is merging its Singapore-based Savills Property Management business unit with CKH Strata Management. The deal sees Savills Singapore Pte acquire a 51% stake in CKH Strata Management Pte, one of Singapore's largest property management companies.
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PropertyEU Archive
Europe’s office markets continue to perform at two speeds: JLL
Prime office rents across Europe continued to grow modestly in the second quarter of 2011, according to Jones Lang LaSalle’s latest European Office Clock report.
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PropertyEU Archive
RREEF acquires logistics platform for EUR 42m
Deutsche Bank's real estate investment management arm, RREEF has acquired a 69,000-m[sup]2[/sup] logistics platform in Cestas, near Bordeaux, for a total of EUR 42 mln. The property, which is earmarked for RREEF's Grundsbesitz Europa open-ended real estate fund, was acquired from a vehicle managed by fund management firm AEW Europe. ...
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PropertyEU Archive
Union scoops majority stake in Bordeaux mall
Union Investment Real Estate is expanding its retail portfolio in France with the acquisition of an 80% stake in the OPCI vehicle holding the EUR 80 mln Géant shopping centre in Bordeaux. The Hamburg-based investor is investing around EUR 63 mln in the purchase of the asset, which was developed ...
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PropertyEU Archive
LNR Partners Europe names new COO
Commercial property finance specialist LNR Partners Europe said on Monday it has appointed Matthias Schlueter as its new chief operating officer and managing director.
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PropertyEU Archive
Cordea Savills buys into French logistics
International property fund manager Cordea Savills has completed the purchase of a logistics warehouse in Trappes, 30 km west of Paris for nearly EUR 21 mln excluding taxes. The acquisition was made on behalf of the European Commercial Fund from Invista European Real Estate Trust.
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PropertyEU Archive
Offices take the lead in Q2: C&W
Investment activity in Europe’s commercial property markets slowed in the second quarter, with transactions down by 11.5% quarter on quarter to EUR 26.2 bn, according to new research issued by Cushman & Wakefield on Tuesday. However, trends were far from uniform market by market, with offices fighting back against retail, ...
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PropertyEU Archive
Investor trio snaps up River Ouest scheme
French institutional investors Caisse des Dépôts, Crédit Agricole´s Predica and Société Commerciale de Réassurance (Scor) have joined forces to acquire the 64,300-m[sup]2[/sup] River Ouest office complex in Bezons, a north-western suburb of Paris.
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PropertyEU Archive
Cordea Savills fund sells 2 student halls for EUR 32m
International property fund manager Cordea Savills has completed the sale of two assets on behalf of its Student Hall Fund and has bought a new prime project in Edinburgh.
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PropertyEU Archive
BayernLB, Berlin Hyp in EUR 140m financing for Carre Suffren
German lenders BayernLB and Berlin Hyp have arranged a EUR 140 mln financing facility with a seven-year term for the Carré Suffren office scheme located at the foot of the Eiffel Tower in Paris. The asset is owned by a joint venture of French office SIIC Foncière des Régions (60%) ...
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PropertyEU Archive
Heitman fund makes entry into Russian market
Heitman´s fourth value-added fund, Heitman European Property Partners IV (HEPP IV), has made its first investment in the Russian property market with the purchase of an office building in Moscow’s Voykovsky district from developer Capital Partners. Financial details were not disclosed.
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PropertyEU Archive
C&W boosts EMEA business consulting team
Cushman & Wakefield (C&W) has appointed Sophie Hodges as consulting manager to its EMEA Business Consulting team, based in London.
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PropertyEU Archive
Credit Suisse fund acquires Kant Center in Berlin
Credit Suisse Real Estate Fund International (CS REF International) has announced the purchase of the Kant Center scheme in Berlin from an unnamed foreign fund. Although the transaction details were not disclosed, the property is said to be worth around EUR 70 mln.
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News
Canadian pension fund sells 12% stake in Australian toll road operator
Deal to give Canada Pension Plan Investment Board an estimated profit of AUD$900m.
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News
Resort owners sue Credit Suisse over 'false' property valuations
US developers join class action over loans branded as 'predatory' by bankruptcy judge.
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News
Singapore REITs acquire property as funding environment improves – S&P
S-REITs account for $400m of estimated $4bn of commercial transactions in Q1.
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News
Blackstone sees Q2 income rise 240% on real estate returns
Private equity company sees net income from real estate triple in 12 months to $453m.
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News
Property deal roundup: Axa Real Estate, RREEF, Climate Change Capital, London & Stamford
Axa Real Estate Investment Managers buys six hotels in €130m joint venture deal.
